Torque Manufacturing forecasts that its production will require 250,000 tons of bauxite over its planning period. Demand for Torque's products is stable over time. Ordering costs amount to an average of $25 per order. Holding costs are estimated at $2 per ton of bauxite. What is EOQ for Torque?

Answer rating: 100% (QA)

The Economic Order Quantity EOQ is a formula used to determine the ... View the full answer